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Turns out that it's easier to store and transport a few hundred thousand dollars worth of gold than it is to store a few decades worth of salt and farming equip
by cykros 4y ago
Turns out that it's easier to store and transport a few hundred thousand dollars worth of gold than it is to store a few decades worth of salt and farming equipment.
Even if you're prepping for a disaster you see as inevitable, having a means of exchange set aside helps maintain some mobility and flexibility.
Money lasted from pre-Sumerian days through some pretty cataclysmic scenarios in the past. Hollywood notwithstanding, I don't think anything coming down the pike is going to leave anyone saying "darn, I have all this gold."
Now, sure, fiat may go worthless, its backing tied to the economic output and taxation of systems that may well crumble. And yes, things like salt, water purification tablets, even seeds, could well become currency (tobacco was currency in colonial era Virginia). But it's worth considering why you're saving what you're saving, and whether you're leaving yourself open to be blindsided.